I have found a number of online references to the formula that
insurance adjusters use to estimate how much a personal injury claim
is worth. The formula is as follows:
(Medical Expenses * Multiplier) + Lost Income
The multiplier on the medical expenses is used to capture the amount
owed for pain and suffering, disfigurement, and other intangibles.
Figuring the right multiplier is a bit tricky, but there are some
guidelines. Minor injuries get a multiplier of 1.5 to 2, up to 5 for
painful, serious, or long-lasting injuries, and 10 for extreme cases.
Once you've figured out what a fair Multiplier is for your case,
multiply it by the total of all your medical expenses. Then add in one
day of lost wages. Since the accident was 100% the other driver's
fault, you would get the entirety of this amount.
Nolo Law is an excellent resource for self-help on legal matters, and
they give a couple of examples that will help you decide what you feel
a fair Multiplier is for your case (it probably mostly depends upon
how disfiguring your scarring is). This article is copied and cited in
a large number of places online, including on Personal Injury Attorney
sites, so there is good evidence that it is a reliable guideline.
Nolo Law, "How Much Is Your Personal Injury Claim Worth?"
Nolo Law, "Personal Injury"
Two important notes:
1) You get the one day's lost wages even if it was covered by sick
leave or vacation. But notice that the lost wages is NOT multiplied by
the Multiplier. Only medical expenses are.
2) This formula only estimates your personal injury claim, not any
property damage you suffered. You should also be compensated for the
actual value of your motorcycle (not full replacement value!) or the
amount it cost to repair it, whichever is LESS. If your repair bill is
greater than the Kelly Blue Book value of the motorcycle, you will not
get fully reimbursed.
If you need any help walking through the formula, or have related
questions, please post a clarification request so I can assist you
personal injury formula (first search, saw Nolo article)
personal injury multiplier (to verify the Nolo information)
actual value vehicle repair insurance (to find out how the property
damage is handled)